ASK Private Wealth Hurun India’s report showed that India will have around 30 unicorns in the fintech  sector in the future. The consumer lending forms will lead the subcategory with more than half of  these 30 unicorns belonging to this category. India’s future unicorns will be worth $50 billion which is  1.2 percent more than last year. Fintech unicorns will lead the list and contribute the most across other  sectors. 

This year the fintech startups secured an investment of $5.7 billion and are predicted to have 20  percent of the total value of future unicorns at $11.4 billion. Money View was the most valuable high growth company with revenue increased by more than 20 percent. Juspay was the most valuable  Fintech Cheetah. The startups in the Gazelle category like Money View are predicted to become  unicorns in three years while Cheetah startups are likely to go unicorns in five years. 

SaaS startups are the next on the list with 20 future unicorns coming from this sector. These startups  raised an investment of $2.1 billion, highlighting the market potential and growth in this sector.  MoEngage was listed as the most valuable SaaS Gazelle with Lentra as the most valuable SaaS cheetah.  The e-commerce sector had 15 future unicornsfor a total value of $6 billion. The e-commerce startups  raised a total investment of $2.4 billion. Medikabazzar and InsuranceDekho came out as the most  valuable e-commerce Gazelles followed by Jumbotail as the most valuable e-commerce Cheetah.  

The artificial Intelligence sector has been growing rapidly over the past few years and it entered the list with 11 future unicorns under its wing. The total value of these AI future unicorns is around $4.4  billion which accounts for 8 percent of total future Unicorn’s value. Observe.AI and Locus are the most  valuable AI Gazelle and AI cheetahs respectively. The Edtech sector followed at fifth place with 11 future unicorns including Leap Scholar as the most valuable Edtech Gazelle and Cuemath as the most  valuable Edtech Cheetah.  

Conclusion: 

Hurun 2024 index shows that the Fintech unicorns will lead the list and contribute the most across  other sectors. This sector will account for 50 billion USD which is 1.2 percent more than last year. The  consumer lending forms will lead the subcategory with more than half of these 30 unicorns belonging  to this category. This year the fintech startups secured an investment of $5.7 billion and are predicted  to have 20 percent of the total value of future unicorns at $11.4 billion. SaaS startups are the next on the list with 20 future unicorns coming from this sector.

The second on the list are e-commerce startups  that raised a total investment of $2.4 billion. Medikabazzar and InsuranceDekho came out as the most  valuable e-commerce Gazelles followed by Jumbotail as the most valuable e-commerce Cheetah. The  artificial Intelligence sector has been growing rapidly over the past few years and it entered the list  with 11 future unicorns under its wing. The fifth on the list is the Edtech sector which followed at fifth  place with 11 future unicorns.